KUALA LUMPUR, April 27 ― The ringgit retreated from yesterday's gains to open slightly lower against the US dollar today on renewed concerns about the global economic outlook, said an analyst. At 9am, the local note stood at 4.3555/3585 versus the greenback from yesterday’s close of...
KUALA LUMPUR, April 27 ― The ringgit retreated from yesterday's gains to open slightly lower against the US dollar today on renewed concerns about the global economic outlook, said an analyst.
Bank Islam Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said the series of corporate earnings announcement for the first quarter has been mixed, suggesting a challenging outlook as companies need to contend with rising business cost, especially that of raw material and labour. “Lockdown fears are also looming in Beijing as it started its mass testing requirement due to rising Covid-19 cases,” he told Bernama.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ringgit extends downtrend ahead of US FOMC meeting | Malay MailKUALA LUMPUR, April 25 — The ringgit extended its downtrend against the US dollar on Monday on stronger buying support for the greenback as the market turns its focus on the upcoming US Federal Open Market Committee (FOMC) meeting on May 3 and 4, said an analyst. At 9.00am,...
Read more »
Ringgit at near two-year low weighed by expected 50-bps US rate hike | Malay MailKUALA LUMPUR, April 25 — The ringgit, along with other major currencies, continued to be under-pressure after expectations of a 50-basis points (bps) rate hike by the US Federal Reserve (Fed) supported the US dollar. At 6 pm, the local note eased further to near two-year low at 4.3560/3580 versus...
Read more »
Kenanga sees ringgit bouncing back against US dollar this week | Malay MailKUALA LUMPUR, April 25 — Kenanga Investment Bank Bhd (Kenanga) expects the ringgit to rebound and appreciate by 0.9 per cent to 4.286 against the US dollar this week. The research house said the safe-haven US dollar may face a short-term pullback due to its overbought position, with the...
Read more »
Ringgit opens marginally higher against US dollar | Malay MailKUALA LUMPUR, April 26 ― The ringgit opened slightly higher against the US dollar today on renewed buying interest amid slightly easing demand for the greenback due to softer US Treasury yields, said an analyst. At 9am, the local note stood at 4.3500/3530 versus the greenback from yesterday’s...
Read more »
US says ‘only a handful of people’ have seen China-Solomons deal | Malay MailSYDNEY, April 26 — US officials who visited the Solomon Islands are convinced “only a handful of people in a very small circle” have seen the final version of its controversial new security deal with China. The high-level delegation arrived in the Pacific nation for talks with Prime Minister...
Read more »
Musk gets Twitter for US$44b, to cheers and fears of 'free speech' plan | Malay MailNEW YORK, April 26 ― Elon Musk clinched a deal to buy Twitter Inc for US$44 billion (RM191.6 billion) cash yesterday in a transaction that will shift control of the social media platform populated by millions of users and global leaders to the world's richest person. It is a seminal moment for...
Read more »